Liberal politicians on Capitol Hill are set to unveil a massive new tax today that will hit the entire American economy and every single consumer. The legislation would create a “cap and trade” scheme for carbon dioxide emissions. In the process it would impose tremendous costs on businesses, and those costs would be passed along to you. Everyone would pay this new tax. Turn on a light switch, and you will pay. Put gas in your car and you will pay. President Obama’s budget assumes the “cap and tax” scheme will raise $650 billion in new “climate revenue.” But privately, White House aides have told Capitol Hill staffers that “cap and tax” could tax as much as $2 trillion dollars out of the economy!

With many economists predicting that this recession will last months, if not well into next year, and unemployment reaching double digits, why are Democrats pushing what has been called “the largest tax increase in American history”? Here’s one reason. The United Nations is gearing up for the sequel to the Kyoto protocol – a global warming treaty that the Bush Administration refused to sign. “Kyoto II” has been scheduled to take place at a conference this December in Copenhagen, Denmark, and the Obama Administration is fully supportive of its agenda. Fox News analyzed the “cap and trade” plan being floated at the United Nations in advance of the Copenhagen conference. Here’s an excerpt:

“A United Nations document on ‘climate change’ that will be distributed to a major environmental conclave next week envisions a huge reordering of the world economy, likely involving trillions of dollars in wealth transfer, millions of job losses and gains, new taxes, industrial relocations, new tariffs and subsidies, and complicated payments for greenhouse gas abatement schemes and carbon taxes — all under the supervision of the world body.”

Trillions of dollars in wealth transfer. Millions of job losses. New taxes, new tariffs, more government subsidies. And liberal politicians are laying the foundations for it right now in our nation’s capital. "

"If you haven't understood the climate system, if you haven't understood all the components -- the cosmic rays, the solar, the CO2, the water vapor, the clouds, and put it all together -- if you haven't got all that, then your model isn't worth anything." As in most computer models, the adage of "junk in -- junk out" remains true for climate models."

"It proposes to spend $140,000 to rent and staff a climate-change group's office in England; $30 million to hire more than 1,000 new staff; $300,000 for an art project at City Hall; and $250,000 for a Toronto-specific climate change study."